MCT: Lock Volume Indices for April Stable

Mortgage Capital Trading, San Diego, released its latest Lock Volume Indices, showing little change in mortgage activity month-over-month. It recorded a 1.07% drop in all volume for April.

LenderLogix Finds Mortgage Market Momentum

Signs point to growing borrower momentum in the mortgage market as the spring homebuying season takes off, according to LenderLogix, Buffalo.

Redfin: Demand for Vacation Homes Falls

Redfin, Seattle, found that the demand for vacation and second homes has dropped to the lowest level in at least six years.

Quote of the Day

“Early April started strong with a brief dip in rates, but volatility returned by mid-month, pushing rates higher and muting new volume.”
–Andrew Rhodes, Senior Director and Head of Trading at MCT

Premier Member Spotlight: Vice Capital Markets

(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association. Please contact MBA’s Alicia Goncalves, CMB for information about Premier Member Spotlights.)

Remodeling Market Poised for Growth, NAHB Finds

Aging housing stock and insufficient new home inventory mean the remodeling market is poised for future growth, the National Association of Home Builders reported.